AICPA’s Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs)

Date: Tuesday, September 10, 2013
Time: 03:00 PM ET / 02:00 PM CT / 01:00 PM MT / 12:00 PM PT [Prevailing Time]
Presenter(s): Robert Durak, CPA, Director of Private Company Financial Reporting Accounting Standards, AICPA
Learning Objectives:
To provide the specifics about the AICPA’s Financial Reporting Framework for Small and Medium Sized Entities
Field of Study: Accounting
Program Level: Intermediate
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
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Course Description

The accounting world is becoming more complex with new accounting rules developed for publicly-held companies, These new rules put a burden on private companies that are both time consuming and costly. However, a new accounting framework is now available for Main Street businesses that do not need GAAP-based reporting. This session will cover the specifics about the AICPA’s FRF for SMEs framework including why it was developed, who it is for, and its key principles and accounting requirements. In addition, the session will address the benefits of the new framework and the many tools that are available to help implement the FRF for SMEs.

Presenter and Moderator Bios
Robert Durak has been with the AICPA since 1995 and is a member of the Accounting Standards department, as the Director of Private Company Financial Reporting. Currently he is overseeing the development of the AICPA’s financial reporting framework for smaller businesses. Bob staffed the Private Company Financial Reporting Committee (“PCFRC”) for the last six years and helped staff the recent Blue Ribbon Panel on private company accounting. Previous to his position in the Accounting Standards department, Bob was the Director of the Accounting and Auditing Publications team at the AICPA. Prior to joining the AICPA, Bob was a manager at Deloitte & Touche in their auditing practice in New Jersey.

Cost
$56.00 for NSAC Members / $70.00 for Non-Members

Delivery System

  • All programs are delivered using the Zoom platform.
  • Confirmations will include log-in instructions.
  • Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
  • All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
  • There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.